I got 25 for Req2A but I am not sure if that is correct and I am torally lost on the last one thank you for any help
PRACTICE PROBLEMS FOR MID TERM EXAM Saved 6 High Country, Inc. produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 2 points 39,000 34,000 81 $ ebook Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) $ 2 $556,000 14 $ $ Print 3 3 References $741,000 Management is anxious to assess the profitability of the new camp cot during the month of May Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing a. Determine the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg LA Reg 13 Req 2A Reg 28 Determine the unit product cost. Assume that the company uses absorption conting. Unit product cost $ 44 s Ring Req 18 ) 2. points Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing, a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing a. Determine the unit product cost. b. Prepare a contribution format income statement for May eBook Complete this question by entering your answers in the table below. References Reg 1A Reg 1B Req ZA Reg 28 Prepare an income statement for May. Assume that the company uses absorption costing. + High Country, Inc. Absorption Costing Income Statement 0 6 39,000 34,600 81 $ $ 2 $556,000 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) 2 port 14 $ $ $ 3 eBook $741,000 Print Management is anxious to assess the profitability of the new camp cot during the month of May References Required: 1. Assume that the company uses absorption costing. a Determine the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg 1A Reg 18 Reg 2A Reg 28 Determine the unit product cost. Assume that the company uses variable costing, Unit produd cost 6 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing a. Determine the unit product cost b. Prepare an income statement for May 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May 2 points eBook Complete this question by entering your answers in the table below. Print Reg 1A Reg 10 Reg 2A Reg 28 Prepare a contribution format income statement for May. Assume that the company uses variable costing. References 2.754.009 High Country, Inc. Variable Costing Income Statement Sales Variable expenses Beginning merchandise inventory $ 0 Variable cost of goods sold 975,000 Ending merchandise inventory 975,000 Variable cost of goods sold (125.000) Gross margin Variable expenses 1,825.000 929,000 Freed manufacturing overhead Fixed soling and administrative expense Net operating income 0 $ 929,000
